Manchester United PLC's stock surged 11.00% during intraday trading on Wednesday, driven by the company's upward revision of its full-year financial outlook and better-than-expected third-quarter results.

The football club raised its fiscal 2026 revenue guidance to a range of £655 million to £665 million, exceeding its previous forecast and analyst expectations. It also lifted its adjusted EBITDA outlook to between £200 million and £210 million. The improved forecast follows a third-place finish in the English Premier League, which secures a spot in next season's UEFA Champions League and is expected to boost future broadcasting revenue.

For the fiscal third quarter, Manchester United reported an 18% year-over-year increase in revenue to £189.5 million, beating estimates. Adjusted net income came in at £5.1 million, also surpassing expectations. The company attributed the positive performance to a 57% jump in broadcasting revenue, growth in commercial income, and benefits from ongoing cost-reduction initiatives.